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January 22, 2013
07:07 EDTFCH, WYNFelcor Lodging converting eight hotels to Wyndham properties
FelCor Lodging Trust Incorporated (FCH) will re-brand, renovate and reposition eight Holiday Inn properties to the Wyndham Hotels and Resorts brand effective March 1, 2013. Wyndham Hotel Group (WYN) will manage the hotels under long-term management agreements with a performance guaranty. This agreement includes a $100M guaranty from Wyndham Worldwide Corporation over the 10-year term of the agreement, with an annual guaranty of up to $21.5M that ensures a minimum annual NOI for the eight hotels.
News For FCH;WYN From The Last 14 Days
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October 30, 2014
08:05 EDTFCHFelcor Lodging sees FY14 adjusted FFO 60c-62c, consensus 59c
"We have increased our RevPAR and EBITDA outlook, primarily reflecting better than expected third quarter results. Our improved 2014 outlook reflects continuing strong lodging industry fundamentals. Our expected RevPAR growth exceeds overall RevPAR growth projections for the industry because of our high-quality diverse portfolio and continuing strong growth at our six acquired and recently redeveloped hotels." For 2014, RevPAR for same-store hotels will increase 9.25 - 9.5%, and RevPAR for comparable hotels will increase 8.0 - 8.25%; Adjusted EBITDA will be $217.5M- $219.5M; Interest expense, including our pro rata share from joint ventures, will be $95.5M.
08:03 EDTFCHFelcor Lodging reports Q3 adjusted FFO 21c, consensus 21c
Reports Q3 revenue $234.1M, consensus $233.44M. Same-store RevPAR increased 12.3%; RevPAR for comparable core hotels increased 9.8%.
October 24, 2014
06:38 EDTWYNWyndham up 1.5% following Q3 results, $1B increase to share buyback program
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06:36 EDTWYNWyndham approves $1B increase to share repurchase authorization
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06:34 EDTWYNWyndham sees FY15 EPS $4.70-$4.85, consensus $4.97
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06:33 EDTWYNWyndham raises FY14 adjusted EPS view to $4.45-$4.48 from $4.34-$4.44
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06:31 EDTWYNWyndham reports Q3 adjusted EPS $1.67, consensus $1.63
Reports Q3 revenue $1.53B, consensus $1.53B.
October 23, 2014
15:39 EDTWYNNotable companies reporting before tomorrow's open
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